A big part of the working capital that helps Ohio open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $224 billion in Ohio’s economy by issuing mortgages for apartment buildings and multifamily units, infrastructure and retail, and purchasing bonds for education, capital improvements and more. We are here to strengthen communities and businesses across the state.
Investing in Apartments/ Multifamily
In Columbus, Cincinnati, Sandusky and other cities, life insurers have invested $3.8 billion in mortgages for apartment buildings and multifamily units, helping families call Ohio “home.”
Investing in Infrastructure
Life insurers have invested in the Ohio State Turnpike Commission, Columbus Regional Airport, the Cleveland-Cuyahoga County Port Authority and more, with nearly $2.8 billion in bond purchases that fund a wide range of infrastructure needs.
Investing in Retail
By providing nearly $2.7 billion in retail mortgage loans, life insurers play a role in boosting employment in Ohio. The National Retail Federation says that 26 percent of jobs are supported by the retail industry in the state.
Investing in Industry
By providing more than $2.1 billion in industrial mortgages in Cleveland, Youngstown, Mansfield and more, life insurers have helped ensure the Buckeye State remains a stalwart in industrial production in the Midwest.
Investing in Education
Life insurers have purchased $2.1 billion in bonds issued by education-based entities, including school districts in Cleveland, Cincinnati, Medina, Zanesville and more.
Investing in Capital Improvements
Life insurers have invested $1.5 billion in bonds issued by state and local authorities for capital improvements, including investments in Cuyahoga County, Licking County, Hamilton and Dublin.